Ember Protocol · Sui

USDC (Ember Earn Vault)

Overview

The Ember Earn Vault on Sui, part of the Ember Protocol, is a single-asset stablecoin pool where suppliers earn variable interest on USDC deposits. The protocol generates yield by allocating pooled funds across various DeFi opportunities and distributes returns to depositors.

Total APY stands at 6.37%, with no additional reward component. Over the past week, the rate has declined by 3.03%, while there is no trend data available for the past month. The current APY falls below the 30-day mean of 8.11%.

TVL in the pool stands at $2.78M with no reported change over the last seven days. Primary exposure here is depeg risk on the underlying stablecoin USDC, as single-asset stablecoin pools are vulnerable to fluctuations in peg stability.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 9.22%; 30-day mean is 9.15%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 63% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.